US Capital Advisors Weighs in on Crestwood Equity Partners LP’s FY2021 Earnings (CEQP)

Crestwood Equity Partners LP (NYSE:CEQP) – Analysts at US Capital Advisors issued their FY2021 earnings per share estimates for Crestwood Equity Partners in a report issued on Monday, April 22nd. US Capital Advisors analyst J. Carreker forecasts that the pipeline company will earn $1.49 per share for the year. US Capital Advisors currently has a “Hold” rating on the stock.

Crestwood Equity Partners (NYSE:CEQP) last posted its quarterly earnings results on Tuesday, February 19th. The pipeline company reported $0.57 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.42. The firm had revenue of $768.40 million during the quarter, compared to the consensus estimate of $1.01 billion. Crestwood Equity Partners had a return on equity of 4.07% and a net margin of 0.98%. The business’s revenue was down 38.4% compared to the same quarter last year. During the same period last year, the company earned ($2.04) earnings per share.

A number of other analysts have also recently issued reports on the company. Wells Fargo & Co raised Crestwood Equity Partners from a “market perform” rating to an “outperform” rating in a research report on Tuesday, March 19th. ValuEngine cut Crestwood Equity Partners from a “buy” rating to a “hold” rating in a research report on Tuesday, March 26th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Crestwood Equity Partners currently has a consensus rating of “Buy” and a consensus price target of $39.57.

CEQP stock opened at $36.65 on Thursday. The company has a quick ratio of 0.95, a current ratio of 1.14 and a debt-to-equity ratio of 1.23. The company has a market capitalization of $2.66 billion, a price-to-earnings ratio of 174.52, a P/E/G ratio of 11.52 and a beta of 2.20. Crestwood Equity Partners has a twelve month low of $26.55 and a twelve month high of $40.55.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 8th will be given a $0.60 dividend. The ex-dividend date is Tuesday, May 7th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 6.55%. Crestwood Equity Partners’s payout ratio is 1,142.86%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in CEQP. Alps Advisors Inc. lifted its holdings in Crestwood Equity Partners by 12.6% during the 4th quarter. Alps Advisors Inc. now owns 4,870,511 shares of the pipeline company’s stock worth $135,936,000 after purchasing an additional 546,006 shares during the last quarter. CIBC Private Wealth Group LLC lifted its holdings in Crestwood Equity Partners by 26.5% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,272,782 shares of the pipeline company’s stock worth $35,524,000 after purchasing an additional 266,937 shares during the last quarter. Municipal Employees Retirement System of Michigan acquired a new stake in Crestwood Equity Partners during the 4th quarter worth approximately $4,825,000. Perella Weinberg Partners Capital Management LP lifted its holdings in Crestwood Equity Partners by 24.2% during the 4th quarter. Perella Weinberg Partners Capital Management LP now owns 835,328 shares of the pipeline company’s stock worth $23,314,000 after purchasing an additional 162,902 shares during the last quarter. Finally, Spirit of America Management Corp NY lifted its holdings in Crestwood Equity Partners by 53.4% during the 4th quarter. Spirit of America Management Corp NY now owns 291,051 shares of the pipeline company’s stock worth $8,123,000 after purchasing an additional 101,276 shares during the last quarter. 71.51% of the stock is owned by institutional investors.

About Crestwood Equity Partners

Crestwood Equity Partners LP provides infrastructure solutions to liquids-rich natural gas and crude oil shale plays in the United States. It operates through three segments: Gathering and Processing (G&P); Storage and Transportation (S&T); and Marketing, Supply and Logistics (MS&L). The G&P segment offers gathering and transportation services for natural gas, crude oil, and produced water; and processing, treating, and compression services.

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Earnings History and Estimates for Crestwood Equity Partners (NYSE:CEQP)

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